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We look forward to helping you as a contractor grow your foreclosure cleanup business, and to helping you as a client, get the assistance you need with your project.

The property preservation industry, which is commonly referred to as the “foreclosure cleanup” or “REO trash-out” industry, has changed considerably over the last several years.

When the foreclosure crisis first gripped the housing industry, a plethora of mom and pop, grassroots-type contractors sprang up. Many successfully handled a myriad of trash-out duties for REO and asset management companies across the United States.

Several “national” outfits were also in the mix as key players in the property preservation food chain.

Entities such as Safeguard Properties, Cyprexx Services, LLC, Five Brothers, and the like — some of whom were, and many of whom still are — acted as direct arms of HUD (“The United States Department of Housing and Urban Development”).

Work was often performed on vacant homes that had in many instances been abandoned by homeowners who had received foreclosure notices from banks.

Work Orders Poured In

Work orders poured in, and many subcontractors had to bring on their own subs to help handle the overflow in the beginning.

Foreclosure Backlogs Equaled More Money

As litigation and red tape spiraled out of control, in large part due to the MERS fiasco and similarly deemed “unethical” practices, a great number of foreclosures were stalled in their tracks, and volume increased even more for the small foreclosure cleanup business. As such, the need for foreclosure cleanup businesses and trash out companies kept flourishing.

As a result, these smaller contractors made a ton of money in the property preservation and foreclosure cleaning industry at the height of the mortgage crisis.

A Changing Industry

“However, fast-forward five to seven years, and its evident the industry has changed, exponentially,” states Cassandra Black, the author of the first edition of How to Start a Foreclosure Cleanup Business, an Amazon Best Selling property preservation guide.

The New Property Preservation Model

“Things have changed so much, I knew it was time to pen an updated version of that first book,” Black continues. “I’ve updated it so mortgage field services businesses can learn how to maneuver successfully and profitably within what has really become a new property preservation model.”

Disgruntled Foreclosure Clean Up Business Owners

Black went on to point out that her research is filled with disgruntled foreclosure clean-up business owners, many of whom are keen veteran industry entrepreneurs, airing their grievances.

“They appear to be particularly disheartened about ‘the nationals’, almost as a whole, in addition to slim profit margins, questionable chargebacks, apparent unethical insurance requirements by larger contractors, and more.”

These complaints have shed a new light on how the industry has changed, specifically over the last several years.

Foreclosure Cleanup Businesses Overcoming the Hurdles and Making Money

However, Black states that many trash out companies have figured out how to successfully skirt the hurdles.

“They have not only targeted new key client bases, but they’ve added a number of new services and implemented necessary policies and procedures that work specifically for theircompanies — regardless of who they may be aligned with or working for, whether it be on a local, national or regional level.”

These savvy entrepreneurs seem to have mastered the art of diversification in an ever-changing real estate and housing market. As such, they are succeeding and turning a profit with the property preservation jobs they service, while keeping an eye toward “evergreen” growth for their foreclosure cleanup businesses.

The new book, “How to Start a Foreclosure Cleanup Business, 2016-2017 Edition: Property Preservation Industry Guide” can be found on Amazon in Kindle format athttp://www.amazon.com/dp/B019E3JT96. The release date is January 20, 2016, but it is available for pre-order now.

The title will also be released on Barnes & Noble in NOOK format and in the Stone Cottage Books PDF store.

About the Author

Cassandra Black is the author of several foreclosure cleanup and field asset services books, guides, reports, and forms, as well as CEO of Foreclosure Cleanup, LLC, a job outsource and online consulting company.